Thread: Iraq/Dinar News. 09/05 to 01/14/07

Originally Posted by Adster

Oh I think clint will oblige with 'servicing'.!!!

Merry xmas kitty, get those golf lessons in, my backs progressing and hope to play more than just a 'drinking' part, lol.

Servicing is definatley my speciality matey, well where hot tubs are concerned anyway.

اEconomic : Iraqi private sector and what is in the light of the investment law.

Contrary Reza Ayub

There is no doubt that the Iraqi economy has suffered since the period for quite some time after the intervention of the state continued through laws initiated, as well as the nationalization improvisation, which included the areas that did not have economic value

When it became nationalized burden on the state after it became part of its economic In addition, the State has placed itself in the framework of the so-called central planning and implementation of the strategic plans of the region through a system of staff reflected in the plans and programs at the level of production and economic performance for the whole country in a negative has been found that, particularly after the economic blockade.

Through this introduction simple I wanted to touch the large impact of those decisions on the private sector and the extent to which the sizing and made the secondary and marginal deals in the best industries simple does not give high returns material and did not affect the increase in the GDP of Iraq.

If we want to do justice to the private sector must recognize that in spite of all the obstacles above tried to leave an indelible mark at the level of the economy in Iraq through the garment industries and leather industry and some industries involved in the building and construction sector as well as the agricultural side, which was the minimum fills the need of local heritage and (plant and animal) and food industries. Etc. industries, in spite of a state of red lines for the private sector prevented him from crossing, in this important phase must Nesher problems of the private sector so that we can support and make it the leading sector in the process of transition to a market economy, especially as the philosophy of the current with this addition to the stated by the Constitution, and I will mention here of the private sector and at this stage the task.

1. Laws and regulations that began earlier must be reconsidered and the formation of a specialized committee of jurists and economists for this purpose involving all concerned University professors and economic centers specialized and all unions involved (trade / industry / businessmen), the press and the economic authorities in the State.

2.Suffering from the private sector, especially to the industrial technology owned by In this case requires material support through a grant soft loans and the benefits of simple and basic conditions for the move to bring modern technology and be the guarantee of repayment of the loans to ensure the project itself.

3. Exemption from taxes and duties for a period of not less than ten years or may be Nhafzh towards quality production through relieved after the commencement of production and the receipt of proceeds for a period of not less than five years at a minimum.

4.The importance of the development banks and the method of work and cope with the global development in the banking performance and must also be in line with the needs of the stage in the country.

5. The importance of the restoration companies nationalization of its work in Iraq due to its effect in alleviating the suffering of the private sector and in state and simultaneously with the guarantees.

6. According to estimates, the actual number of industrial enterprises suspended work at (60000) If the draft included each project rate (50) factor, we will find that these projects absorbed unemployment from the labor market not less than (3) million workers, and thus, reduced the unemployment addition to providing decent wages for many young people unemployed, so it is important to support these projects.

7. The importance of the local investor by the special law and not incorporated into a single law with the foreign investor, and in this law gives preference to be able to compete and offer the best clothes.

8. The importance of the restoration work Investigation metrology and quality control, because this body have a great impact in controlling levels of imported goods should conform to the standards and specifications Iraqi As previously applied in addition to its importance in the control of the quality of foodstuffs and within its powers to Iraq because they pose a great danger to citizens if the door was left open as is the case now.

9. That dealing transparently and respect with the private sector have maximum effect in support this sector There is no doubt and we all know that the Iraqi market was containing the names of them its long history in trade and industry, agriculture and names have been a guarantee to banks for the nobility of their history and their work in the market and the level of their performance and patriotism must provide all respect and appreciation when dealing with these tranche Shurayfah from the sons of Iraq, which incurred a lot to the availability of plutocracy and commodity and the product good quality and under the most difficult circumstances and be dealing with them and in particular of all institutions of the State concerned people do their work a way that serves the conduct of and flexibility of the entry of goods to the Iraqi consumer and to ensure the right of the trader and industrial and agricultural (the private sector) at the same.

10.The importance of the elimination of the administrative corruption, which is the most important element and the biggest break the back of the private sector and led to the erosion of all dividends result of physical depletion by corrupt from warehouses to the highest stage in the process of ridding the transactions that in addition to being exposed to lawsuits or industrial improper treatment during follow-free admission of goods transactions.

11. Attention border outlets and a staff of the points related to the nature of the work of the private sector and they should not have any relationship to the performance of the routine entry and exit of citizens across the border, but all commercial transactions and procedures for the entry of the merchant or industrial and quitting when they had the goods through these staff specialists in order to facilitate the procedures get the goods in addition to reducing the time.

12. On the private sector once all the right conditions for investment that the return of funds that escaped out of the country because of the security situation, waning investment opportunities in a timely manner.

13. To prove the private sector presence in the market must provide high-quality production specifications and the Wolf moderate in order to be able to compete with imported goods.

14. اSuggested that the private sector and the establishment of the Federation called (the Iraqi investors) includes traders, industrialists and businessmen and agricultural purpose of tracking through the coordination of work among them in regard to the importation of goods produced unequaled industrial sector or imported by traders, and through the coordination of the work, we will find structured market, which gives stability in the supply and quality as well as price stability.

15. The entry of the private sector in the building and construction sector through the building of housing complexes specifications high because of the importance to the operational level of labor and of broad sectors linked to the construction sector, as well as contribute to the solution of the housing crisis.

The points that I have outlined above may not necessarily represent all suffering from the private sector or what is required of it, but these points are essential and have considerable impact that we have solved, we will find out that the private sector has held up production so as to guarantee the well-being of the community should not forget the importance of security side, the more settled more pace of production.

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Announcement No.(829)

D.G. of Foreign Exchange Control

The 829 daily currency auction was held in the Central Bank of Iraq day Tuesday 2006 / 12/ 19 so the results were as follows :

Details Notes
Number of banks 8 -----
Auction price selling dinar / US $ 1380 -----
Auction price buying dinar / US $ 1378 -----
Amount sold at auction price (US $) 10.605.000 -----
Amount purchased at Auction price (US $) 10.880.000
Total offers for buying (US $) 10.605.000 -----
Total offers for selling (US $) 10.880.000 -----





D.G. of Investments

Daily price Bulletin buying and selling Tuesday 2006/12/19

Currency
Currency Code
Selling Price In IQD
Buying Price In IQD

US Dollar
USD
1388.000
1387.306

Originally Posted by Raditz

That is a good question, i get this strange feeling in my body that something big is about to happen, or it could just be that i didnt sleep much last night and are still half asleep

... seems to me you've either had a helluva "half nightmare for a sleep" ooorR, its one BIG analogy too small for the pockets to fill....hehe


Y'know, a good smackin' sleep bring out wonders with the new day!!!...

Announcement No.(829)

D.G. of Foreign Exchange Control

The 829 daily currency auction was held in the Central Bank of Iraq day Tuesday 2006 / 12/ 19 so the results were as follows :

Details Notes
Number of banks 8 -----
Auction price selling dinar / US $ 1380 -----
Auction price buying dinar / US $ 1378 -----
Amount sold at auction price (US $) 10.605.000 -----
Amount purchased at Auction price (US $) 10.880.000
Total offers for buying (US $) 10.605.000 -----
Total offers for selling (US $) 10.880.000 -----

Originally Posted by day dreamer

Announcement No.(829)

D.G. of Foreign Exchange Control

The 829 daily currency auction was held in the Central Bank of Iraq day Tuesday 2006 / 12/ 19 so the results were as follows :

Details Notes
Number of banks 8 -----
Auction price selling dinar / US $ 1380 -----
Auction price buying dinar / US $ 1378 -----
Amount sold at auction price (US $) 10.605.000 -----
Amount purchased at Auction price (US $) 10.880.000
Total offers for buying (US $) 10.605.000 -----
Total offers for selling (US $) 10.880.000 -----





D.G. of Investments

Daily price Bulletin buying and selling Tuesday 2006/12/19

Currency
Currency Code
Selling Price In IQD
Buying Price In IQD

US Dollar
USD
1388.000
1387.306

Well there goes Neno's test......

Sorry, already posted.

اIraq : Al-Maliki, Najirfan PROBE draft law oil

Prime Minister Nuri al-Maliki, president of the government of the Kurdistan Najirfan Barzani in Baghdad yesterday, a draft bill of oil and the means to approval and entry into force for the benefit of For all Iraqis. Quoted in a statement issued by the Presidency of the Council of Ministers received a "morning" yesterday that the copy of the draft law provides for the transfer of oil revenues to the treasury petroleum Yugoslavia, which is distributed to the regions according to population ratios.

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Originally Posted by Onenomad

Well there goes Neno's test......

Yup, for sure, bit disappointing but guess they're going to finish as close to 1345 as possible by end of year. Still, another $73 profit for doing fack all!

اEconomic : Strange Law of the Ministry of new municipalities to ensure the rapid completion of projects

Baghdad Mahdi Karim Al-Taee

The Minister of Municipalities and Public Works : Riyad Gharib said that his ministry was about to issue its new law to the parliament for discussion and approval to be tailored to the nature of the new democratic Iraq is undergoing with ambitions to reach the decentralized management, which seeks to ministry.

He added in a press statement yesterday, Tuesday, the ministry tables specialized completed discuss the new law and the amendments made to it in order to pave the process of reaching out to the future goals before presentation to the House of Representatives.

The strange that the new law taking into consideration that Iraq is on its way to the formation of regions and the adoption of the federal system (FBI), pointing out that the law included the development of a general director of Municipalities and Public Works in each province to ensure the speedy completion of the projects of the ministry and supervise them directly.

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